BALA CYNWYD, Pa., Jan. 28, 2009 (GLOBE NEWSWIRE) -- Law office of Brodsky & Smith, LLC announces that it is investigating the legal ramifications of the proposed acquisition of Interwoven, Inc. ("Interwoven" or the "Company") (Nasdaq:IWOV) by Autonomy Corporation plc ("Autonomy Corp.") and Milan Acquisition Corp., a Delaware corporation and a wholly-owned subsidiary of Autonomy Corp. Autonomy Corp. has offered Interwoven shareholders $16.20 a share for their stock. The deal is valued at approximately $775 million. The deal appears to be undervalued given the fact that Interwoven stock traded at the offer level per share as recently as August 2008.
If you are an Interwoven shareholder and wish to discuss the legal ramifications of the proposed acquisition by Autonomy Corp., you may e-mail or call the law office of Brodsky & Smith, LLC who will, without obligation or cost to you, attempt to answer your questions. You may contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite 602, Bala Cynwyd, PA 19004, by e-mail at clients@brodsky-smith.com, or by calling toll free 877-LEGAL-90.